Daily Briefing, Dec. 31

Chronicle Staff and News Services

Published
3:06 pm PST, Wednesday, December 30, 2015

See you in court

Facebook must face class-action claims by investors that the company misled them about its financial condition before its May 2012 IPO, U.S. District Judge Robert Sweet ruled in Manhattan. He certified two sets of cases as group lawsuits in an opinion made public Wednesday. Investors say they lost money after Facebook overstated the prospects for earnings and growth in the mobile market. Company spokeswoman Vanessa Chan said in an e-mail that Facebook will appeal: “We believe the class certification is without merit.”

Doing it right

The Netflix documentary series “Making a Murderer” might have an impact beyond big viewership. As Entertainment Weeklyreported, many online petitions are asking President Obama to pardon Steven Avery and his nephew, Brendan Dassey, based on the evidence presented in the series.

Rumor has it

Yahoo is looking for a buyer for a 48.6- acre development site in Santa Clara, the Silicon Valley Business Journal has reported. It said brokers for the Sunnyvale company have reached out to potential buyers for the land, which Yahoo paid $106 million for in 2006.

The Daily Briefing is compiled from San Francisco Chronicle staff and news services. See more items and links at www.sfgate.com. Twitter: @techchronicle